Analyzing the Limelight Reborn as a Retail Center

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Looks like Limelight will follow in the footsteps of its 1980s contemporary, CBGB, by turning it into a retail outlet. If it happens, New Yorkers should brace for widespread ranting about the city's gentrification.

Construction is underway on the two-story marketplace of 70 shops in the Gothic-style former Episcopal church, bringing a bright and sunny facade to what once owned the nightlife of the 80s. President Jack Menashe has ambitious plans for an innovative retail venture, anticipating $50 million in sales during the first year following the $10 million renovation.